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Job Detail
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Job ID 194830
Job Description
Overview
Placement Type:
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Permanent
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Salary (USD):
DOE
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Start Date:
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02.18.2024
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** This position is an expat role and requires relocation to Saudi Arabia. Must be a current holder of a North, South, or Central American passport**
***SALARY IS OPEN, NEGOTIABLE, AND IS DEPENDENT ON EXPERIENCE***
Our client operates within a unique position in the global energy industry. They are the world’s largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity of any major producer. With our client’s significant investment in technology and infrastructure, they strive to maximize the value of the energy we produce for the world along with a commitment to enhance our clients value to society. Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, our client combines market discipline with a generations’ spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom’s vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that our client supplies. Our client is one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.
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Overview
The incumbent is responsible for developing and enhancing price forecast visualization tool, compute and issue transfer prices and coordinate with stakeholders to validate price implementation. In that capacity the incumbent shall be in the primary source for refined products, crude, chemicals and freights forecast needed by Global Optimizer team and Affiliates Affairs organization. Continuously assess transfer prices implementation. Has decent prior work experience in the downstream oil & gas industry with the exposure to market studies, model development and outlook projection. Proven ability to develop and maintain complex models and perform analytical & statistical exercise.
Duties & Responsibilities
• Develop, maintain and continuously improve fit-for–purpose price forecast visualization tools.
• Consult with Pricing Insights and Market Analysis team and AEs to gather information on global events affecting energy/oil & gas market and market trends.
• Gather data from forward curves of all crude and products, market premium or discount values, costs of freight and other elements of Transfer Prices.
• Compute transfer prices daily for M till M+3, according to the planning cycle.
• Coordinate with AEs & market insights for review and validation of prices to be issued
• Issue price forecast weekly to the AEs to ensure timely identification of opportunities, estimate uplift margins and serve as a basis for negotiations among stakeholders.
• Issue actual transfer prices on the last day of M-1 for M, to allow for timely review.
• Perform periodic lookback of TP forecasting quality and identify trends.
• Perform random checks and assist OAD to QA implemented prices on Standard and Non-Standard Cargoes.
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Minimum Requirements
• Bachelor Degree in Statistics, Commerce, Marketing, Engineering, Business Administration or closely related specialty.
• Post-graduate education or equivalent experience in MBA/ Statistics/Economics is desirable.
• Deep knowledge of model development and utilization of excel functions.
• Decent understanding of downstream business and supply chain.
• 5 to 10 years relevant professional experience (preferable in oil & gas downstream business), including several years in field as data analytics including market research, corporate planning, business development).
• Must have excellent communication and interpersonal skills and work effectively in cross functional teams.
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